March 19, 2024: Tuesday Economic Events: Japan Ends Negative Rates, Scraps Yield Curve Control* Bank of Japan Implements Expected Interest Rate Hike and Policy Adjustments* BOJ's Interest Rate Hike:* • During its March meeting, the Bank of Japan (BOJ) raised its key short-term interest rate *from -0

: Descends further on diverging Fed/BOJpolicy outlook* USDJPY continues to trend lower as dollar was deflated by growing bets for Fed’s rate cut in coming months, while yen rallies on strong signals that the Bank of Japan could start raising interest rates this month, with scenario being boosted by